Union Savings Bank Invests $550,000 in Casey’s General Stores, Inc. $CASY

Union Savings Bank acquired a new stake in shares of Casey’s General Stores, Inc. (NASDAQ:CASY) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 995 shares of the company’s stock, valued at approximately $550,000.

Other institutional investors have also recently made changes to their positions in the company. Foster Dykema Cabot & Partners LLC acquired a new position in Casey’s General Stores during the 3rd quarter valued at about $25,000. True Wealth Design LLC boosted its holdings in Casey’s General Stores by 350.0% in the fourth quarter. True Wealth Design LLC now owns 54 shares of the company’s stock worth $30,000 after acquiring an additional 42 shares in the last quarter. Central Pacific Bank Trust Division boosted its holdings in Casey’s General Stores by 52.8% in the fourth quarter. Central Pacific Bank Trust Division now owns 55 shares of the company’s stock worth $30,000 after acquiring an additional 19 shares in the last quarter. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Casey’s General Stores during the third quarter worth about $35,000. Finally, ORG Partners LLC grew its stake in shares of Casey’s General Stores by 47.6% during the fourth quarter. ORG Partners LLC now owns 62 shares of the company’s stock worth $34,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 85.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on CASY shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $695.00 price objective on shares of Casey’s General Stores in a research report on Wednesday, June 10th. Morgan Stanley raised shares of Casey’s General Stores to a “buy” rating in a research report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $1,000.00 price target on shares of Casey’s General Stores in a research note on Monday. Jefferies Financial Group raised their price target on shares of Casey’s General Stores from $700.00 to $780.00 and gave the stock a “buy” rating in a report on Tuesday, March 10th. Finally, UBS Group lifted their price objective on shares of Casey’s General Stores from $805.00 to $945.00 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $925.25.

Casey’s General Stores Stock Performance

Shares of NASDAQ:CASY opened at $842.25 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.01 and a debt-to-equity ratio of 0.59. Casey’s General Stores, Inc. has a 52-week low of $490.00 and a 52-week high of $927.85. The stock has a market cap of $31.13 billion, a price-to-earnings ratio of 43.96, a PEG ratio of 2.55 and a beta of 0.61. The business has a 50-day moving average price of $812.00 and a 200-day moving average price of $695.95.

Casey’s General Stores (NASDAQ:CASY) last issued its earnings results on Tuesday, June 9th. The company reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.31 by $1.06. Casey’s General Stores had a return on equity of 18.73% and a net margin of 4.07%.The firm had revenue of $4.57 billion for the quarter, compared to analyst estimates of $4.33 billion. During the same quarter in the prior year, the firm earned $2.63 earnings per share. Casey’s General Stores’s revenue for the quarter was up 14.5% on a year-over-year basis. Equities analysts predict that Casey’s General Stores, Inc. will post 20.9 EPS for the current year.

Casey’s General Stores Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 14th. Stockholders of record on Saturday, August 1st will be issued a $0.65 dividend. This is an increase from Casey’s General Stores’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, July 31st. This represents a $2.60 annualized dividend and a dividend yield of 0.3%. Casey’s General Stores’s payout ratio is currently 11.90%.

About Casey’s General Stores

Casey’s General Stores, Inc (NASDAQ: CASY) is a U.S.-based convenience store chain that operates retail fuel stations and food-focused convenience outlets. Founded in 1959 in Boone, Iowa, the company has grown from a single neighborhood store into a regional operator known for combining traditional convenience retailing—fuel, packaged goods and tobacco—with a larger emphasis on fresh and prepared foods.

The company’s stores typically offer gasoline and diesel alongside a range of grocery essentials, grab-and-go items and made-to-order foodservice.